On Friday, Shares of Oracle Corporation (NYSE:ORCL), dropped -0.71% to $43.08.
To assist utilities embrace this growth opportunity, Oracle Corporation, made noteworthy updates to Oracle Utilities Network Administration System to assist enterprises more easily and effectively integrate distributed energy resources — counting rooftop solar, wind turbines, and batteries — based on location and condition of use.
Existing grid technology, typically referred to as operation technology (OT), cannot manage the variable output associated with distributed energy resources or the overloads and voltage violations from back feeds and intermittency. Legacy OT, which uses a supervisory control and data acquisition (SCADA) system as its real-time data engine, cannot scale to support devices being added to the distribution grid, such as consumer energy methods (rooftop solar, electricity storage, and electric vehicles) and rapidly growing data volume. Utilities lack the ability to model and plan for distributed energy resources and their potential for grid disruption.
With Oracle Utilities Network Administration System 1.12.0.2, utilities can easily integrate distributed energy resources to better manage load and improve grid reliability while reducing costs and the need to bring additional generation resources online. This updated Oracle Utilities solution supports raised customer choice to take part in demand response, load shifting, and the sales of excess and stored distributed energy resources into other markets.
Oracle Corporation develops, manufactures, markets, hosts, and supports database and middleware software, application software, cloud infrastructure, hardware systems, and related services worldwide. It provides software and hardware systems, and related services to manage their cloud-based or on-premise IT environments, in addition to deploy cloud software-as-a-service, platform-as-a-service, and infrastructure-as-a-service.
Shares of Spectra Energy Corp. (NYSE:SE), declined -0.71% to $37.79, during its last trading session.
Spectra Energy, and Spectra Energy Partners (SEP) will declare their first quarter 2015 earnings results before the market opens on Wednesday, May 6, 2015, and will hold a joint investor and analyst conference call at 8 a.m. CT that same day.
The webcast will be accessible via the Investors sections of the Spectra Energy and Spectra Energy Partners websites. The conference call can be accessed by dialing (888) 252-3715 in the U.S. or Canada, or (706) 634-8942 internationally. The conference ID is 18703265 or “SE/SEP Earnings Call.”
Spectra Energy Corp, through its auxiliaries, owns and operates a portfolio of natural gas-related energy assets in North America. The company’s Spectra Energy Partners segment engages in the transmission, storage, and gathering of natural gas, in addition to transportation and storage of crude oil and natural gas liquids (NGLs) for customers in various regions of the midwestern, northeastern, and southeastern United States and Canada.
At the end of Friday’s trade, Shares of Seagate Technology Public Limited Company (NASDAQ:STX), dwindled -0.70% to $58.34.
Seagate Technology, declared that its Board of Directors has authorized the Company to repurchase up to $2.5 billion of its outstanding ordinary shares. As a result of the April 2015 Authorization, Seagate presently has an aggregate authority to repurchase about $3.1 billion of its ordinary shares. Share repurchases under the April 2015 Authorization may be made through a variety of methods, which may comprise open market purchases, privately negotiated transactions, block trades, accelerated share repurchase transactions, or by any combination of such methods. The timing and actual number of shares repurchased will depend on a variety of factors counting the ordinary share price, corporate and regulatory requirements and other market and economic conditions. The share repurchase authorization may be suspended or suspended at any time.
Seagate Technology Public Limited Company designs, manufactures, and sells electronic data storage products in the Asia Pacific, the Americas, and EMEA countries.
Finally, The Goldman Sachs Group, Inc. (NYSE:GS), ended its last trade with -0.66% loss, and closed at $197.99.
The Goldman Sachs Group, declared it has entered into a contract with Pacific Life Insurance Company to acquire Pacific Global Advisors (“PGA”) solutions business with total assets under supervision of over $18 billion as of March 31, 2015. The transaction will enhance GSAM’s role as a recognized solutions provider and trusted partner to pension plans by leveraging Pacific Global Advisors’ noteworthy experience in liability administration. “PGA’s investment philosophy, expertise, and client relationships are a great planned fit with our current business,” said Timothy J. O’Neill and Eric S. Lane, co-heads of the Investment Administration Division at Goldman Sachs. “This transaction reinforces our focus on our investment outsourcing solutions business, and in particular, our pension practice.”
Pacific Global Advisors is a New York City-based advisor providing customized investment and risk administration solutions in addition to implementation services for institutional clients, predominantly large pension plans. Pacific Global Advisors began in 2005 within J.P. Morgan’s investment bank. It was attained in 2011 by Pacific Life, a prominent insurance company with over 145 years of history.
The Goldman Sachs Group, Inc. operates as an investment banking, securities, and investment administration company worldwide. The company operates through four segments: Investment Banking, Institutional Client Services, Investing & Lending, and Investment Administration.
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